Three Arrows Liquidators Plan Steps to Start Selling Some Seized NFTs
- Teneo says purpose of sale is to realize value of NFTs
- The sale does not include the ‘Starry Night’ portfolio
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Liquidators of bankrupt hedge fund Three Arrows Capital Ltd. said they will take steps to sell some of the firm’s nonfungible tokens as part of their recovery efforts.
“The purpose of the sale is to realize the value of the NFTs for the purposes of the liquidation,” Christopher Farmer, senior managing director at advisory firm Teneo wrote in a notice on Wednesday. The steps will commence after March 23, the notice said.